Ripple Prime launches traditional-asset perpetual swaps via Trade.xyz, Bloomberg reports

Ripple Prime offers institutional perpetual swaps

Ripple Prime has started providing institutional clients with perpetual swaps that reference traditional‑market assets, according to a Bloomberg report published on Oct. 15, 2026. The new contracts are built on the Trade.xyz platform and run on Hyperliquid, allowing prime brokerage clients to gain price exposure without owning the underlying assets.

The offering expands Ripple Prime’s existing Hyperliquid integration, which began in February 2026 and already gave access to some traditional‑asset perpetuals such as gold, silver and oil.

Key points

• Ripple Prime connects clients to Trade.xyz perpetual markets via Hyperliquid.
• Contracts reference assets like gold, silver, crude oil, S&P 500, Tesla and Nvidia shares.
• These are perpetual contracts (no expiry) that provide price exposure only, not ownership.
• Trade.xyz’s oracle pulls external market data and falls back to internal order‑book pricing when needed.
• The service is limited to institutional clients such as hedge funds, asset managers and crypto‑native trading firms.

How Ripple Prime links to Trade.xyz

Trade.xyz deploys perpetual markets directly on Hyperliquid, setting listings, oracle inputs, leverage limits and other parameters. Ripple Prime describes itself as a broker that clears and finances trades executed elsewhere, so the perps are offered through the broker’s existing margin framework.

In a March 2026 tweet, Ripple Prime’s Mike Higgins said the Hyperliquid integration added HIP‑3 symbols, opening the door for institutional access to on‑chain perpetuals on traditional assets. The latest rollout builds on that access rather than marking the first move into traditional‑asset perps.

What is confirmed

• Ripple Prime is offering perpetual swaps linked to Trade.xyz markets.
• These swaps reference a set of traditional assets that includes precious metals, crude oil and major stock indices and individual equities.
• Trade.xyz’s existing catalog lists the referenced contracts, but the exact menu for Ripple Prime clients has not been confirmed.
• The contracts are perpetual, providing price exposure without ownership.
• The service is aimed at institutional clients only.

What remains unclear

• The precise list of contracts available to Ripple Prime clients has not been confirmed; it is assumed to align with Trade.xyz’s general market specifications.

Why this matters for institutions

The launch lets institutional investors gain on‑chain exposure to traditional‑asset price movements without moving off‑chain, fitting into Ripple’s broader strategy of connecting tradfi and crypto. It complements Ripple Prime’s other initiatives such as the Delta One equity‑derivatives business launched in August 2026.

Sources

• The Defiant

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